NEED some HElp please Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent:

P = P∨0 (1 + r/n)^n

Which situation could best be represented by this linear equation? 24x + 38y = 520 > if x represents the number of bracelets and y represents the number of rings, there were 24 more bracelets sold than rings. the total sales were $520. if x represents the number of bracelets and y represents the number of rings, there were 38 more bracelets sold than rings. the total sales were $520. if x represents the number of bracelets sold at $24 each and y represents the number of rings sold at $38 each, the total sales were $520 if x represents the number of bracelets and y represents the number of rings, there were 520 bracelets and rings sold. bracelets were $24, and rings were $38. e